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Litecoin Price Prediction & LTC Forecast for 2021, 2022-2025 and Beyond

Litecoin cryptocurrency was up by more than 140% in 2020. In 2021, LTC showed very fast growth till May; however, due to some external factors, the situation significantly changed. The Litecoin price has been through a lot from its launch – going up and down. Its price started at about $3 per LTC and has gone through a number of bubble cycles or “alt seasons.”

Eventually, Litecoin closed 2020 at $124.69 (on CoinMarketCap). From December 31st, 2020, to May 9th of this year, the price rose by 211%. After it hit the $400 level, the coin started dropping. From the period between May 10th and 23rd, it declined by 63.26%. Similar to other cryptocurrencies, one of the big reasons for such a fall is the overall weakness of Bitcoin. In general, similar and close currencies have tight correlations. It could have been seen that due to the fast growth of the LTC, the coin would have declines. Lastly, the concerns in the United States for higher capital gains taxes played a role in the financial industry. 

As for the long-term Litecoin prediction, the outlook suggests that Litecoin has potential. Will the price of Litecoin go up this year and in the years to come? Let’s find out!

The article covers the following subjects:

A Bit of Litecoin History

Litecoin (LTC) is a so-called digital peer-to-peer currency integrated into open-source software. Technically, the Litecoin project is very similar to the Bitcoin system. Litecoin production and transmission are based on an open-source encryption protocol. There is no central control. With this in mind, all transactions, balances, and expenses are managed by a peer-to-peer network. Litecoin is created on the basis of a cryptological hash function, which in turn generates blocks. Litecoin can be exchanged for Bitcoin and fiat money. The processing in question usually takes place via online exchanges (cryptocurrency exchanges).

Litecoin was created by a former Google employee, Charlie Lee, in 2011. The cryptocurrency was created based on the Bitcoin protocol but differs in terms of the hash algorithm used. Furthermore, it also differs in hard caps, block transaction times, and some other factors. Litecoin was released via an open-source client on GitHub on October 7, 2011. On October 13, 2011, 5 days later, the Litecoin network went live.

Lee’s goal was to create a light version of Bitcoin with Litecoin. Developers have always stated that you can consider Litecoin to be the silver version of Bitcoin. Litecoin differs from Bitcoin in the prioritization of the transaction confirmation rate, which is approximately 2.5 minutes per block. However, the reality is that Litecoin users will have to wait up to about 30 minutes for their transaction to be processed due to network congestion.

Why Is Litecoin an Attractive Investment Asset?

Litecoin is especially faster at handling payments than Bitcoin and is an excellent, proven complementary alternative. It’s a very cheap, super-safe highway for making payments – especially when it comes to micro-transactions, like, for example, when paying for a cup of coffee. In addition, the Litecoin community is working on the implementation of all kinds of new fintech gadgets that are actually intended for Bitcoin. Litecoin is now working on the implementation of the lightning network protocol and applications for smart contracts and privacy (including confidential transactions & MimbleWimble). Litecoin is certainly light and cheap, but above all in good hands with fantastic ambitions. Litecoin has a bright future as a classic and reliable altcoin.

Most investors see Bitcoin as gold and Litecoin as silver. Litecoin was developed as an alternative to Bitcoin and developed as a lightweight that solved some shortcomings of Bitcoin. It is a classic altcoin with more than 6 years of experience and development behind it. Software updates and new tech can be easily added to Litecoin.

As with Bitcoin, there is also a built-in scarcity. In total, only 84 million Litecoin can be mined. Litecoin can be considered a much cheaper and faster alternative. In fact, Litecoin is underestimated relative to other cryptocurrencies. Bitcoin is slower and more expensive to use compared to Litecoin.

The fact that Litecoin is fast and cheap has advantages, especially since people in third world countries without bank accounts can still get Litecoin cheaply and quickly.

Why is Litecoin going up?

Litecoin is a superior alternative to fiat money when compared to Ethereum. Ethereum was not developed as money, but it can certainly be used as such. You could rather consider Ethereum to be crypto gas.

In addition, Ethereum is a much more difficult concept to grasp than Litecoin. Litecoin is just digital p2p money with a built-in scarcity that actually works faster as a transaction medium. This makes adoption much easier and does not require much knowledge. Simply install the wallet app on your smartphone, and you will have your own Swiss Litecoin bank account with which you can actually conduct transactions almost immediately. As the popularity and price of Bitcoin increase and, therefore, the transaction costs rise, cheaper and faster alternatives will be sought. This is Litecoin, baby.

Other Interesting Facts

Litecoin has made a lot of progress and has even been included as a means of payment in Venezuela’s mainstream international payments system. Via the Remesas remittance platform, foreigners can send Litecoin to family members and friends in Venezuela who receive Bolivars in their local bank account through Remesas. A commission of 15% is charged, which means that the government in Venezuela secretly collects Litecoin.

Another interesting fact is that the Litecoin Foundation has a 9.9% share in the German WEG bank. The Litecoin Foundation has received this as a donation from the Swiss blockchain company TokenPay. Together they have almost a 20% share in this conservative German bank, mainly for real estate investors. Litecoin can thus be recognized in the long-term as a possible cryptocurrency for buying real estate in Germany? But we digress, so let’s not dive too deep into the matter, look at the price history, and see how the coin develops.

Litecoin Price Analysis

Despite it not being a bullish period for cryptocurrencies until around October 2020, Litecoin has performed reasonably well compared to its competitors. Charlie Lee is clearly doing really well; he finally introduced confidential transactions (CT). Like the privacy coins ZCash and Monero, LTC’s confidential transactions will prevent replaceability, scalability, and privacy issues.

The acceptance rate is also quite high. Very recently, the Litecoin logo was even advertised on the UFC mat during a famous fight. It was a real eye-catcher. Furthermore, a new shopping center in Singapore with an ATM that accepts both Bitcoin and Litecoin has been installed. LTC price prediction is very optimistic in the opinion of experts.

Experts expect the Litecoin future to be bright in 2021 due to all integrations and partnerships. In addition, the Litecoin community is very active, with all the upcoming developments. They will, of course, keep the enthusiasts informed. There is a clear potential that Litecoin will rise further and is certainly a tough competitor for the other cryptos.

However, LTC’s price will most probably stay below $300 and is less likely to hit its all-time high, $412.96, which was set on May 10, 2021. What will Litecoin do in the next 5 years?

 

Litecoin Price Predictions for 2021 by Crypto Experts

The cryptocurrency market is very volatile, which means that predicting reliable prices of cryptocurrencies is indeed one of the most difficult things to do. George Tung, one of the most respected cryptocurrency analysts, bet on LTC for almost 3 years already. Although his forecast for 2021 was far too overestimated ($1,500 by the end of 2021), Tung still sees potential for Litecoin to grow. Another famous expert, Dan Gambardello, predicted a meteoric rise of LTC in 2017 and now forecasts future growth of LTC in 2021 up to $1,000. Let’s have a look at some recent expert publications regarding their statement and LTC prediction and its market price. They may give us food for thought about Litecoin coin review:

TradingBeasts

TradingBeats estimates some small declines in July, where the maximum value can reach up to $151.73 with a minimum of $103.17. However, according to its analysis, from July, the LTC will show some small but positive rises each month. By December of 2021, it will have a possible maximum value of around $160 with an average of $128. Overall, the platform forecasts Litecoin’s projection growth.

Wallet Investor

Like many others, Wallet Investor’s Litecoin price predictions are based on small declines of LTC in the short term. The coin is expected to have an average value of $143.25 at the beginning of  July, with a maximum price of $202.15.  Litecoin will definitely show a long-term positive balance starting from September. Despite the small dynamics right now, Wallet Investor predicts that Litecoin has the potential to grow up to $182 in the second half of this year. According to the analysis of WI, until November 2021, the price will be relatively stable (an average of $132). There are no future big crashes to expect, and investors do have to consider this currency for investment.

Long Forecast

Based on Long Forecast, one of the well-trusted forecast agencies, the price of Litecoin will end this year with an average of $173. The negative tendency under the high volatility of the prices will most probably be kept for the next couple of months. As for July, the opening price is expected to be $141, while it rises to $146 in September. EFA sees the potential in this cryptocurrency and, in the long run, predicts much higher returns. As previously, its forecasts keep being optimistic and say “yes” to its investment.  Below, the table shows how much it can vary:

Month

Open

Low-High

Close

2021

Jun

188

105-198

141

Jul

141

87-161

150

Aug

150

117-150

126

Sep

126

126-156

146

Oct

146

146-181

169

Nov

169

169-210

196

Dec

196

187-215

201

Coin Price Forecast

Coin Price Forecast sees Litecoin’s growth to $203 by the end of 2021. Similar to other agencies, it sees the climb of the currency starting from September; however, Coin Price Forecast has much higher predictions than other similar platforms. As a result, this projected growth is still a bit too optimistic; however, it is possible to be true, as Litecoin has dropped more due to external factors.

Litecoin Technical Analysis

General market picture and technical analysis of LTCUSD in the long term

The market of Litecoin has been following a bullish trend in the past few years, and its maximums/minimums have been regularly updated. At the same time, any fast upsurge was followed by as fast a fall.

Generally speaking, the current upsurge seems to repeat the previous spikes in Litecoin prices. So, be ready for a further fast bearish movement during which the LTC price chart may come close to the blue trend line.

LTC price prediction for next three months

Technical analysis of the weekly chart. Short-term Litecoin forecast for the next three months.

MACD readings are quite interesting here. Upon a trend reversal in May, the signal line crossed the MACD curve from above and the indicator’s chart then moved to the negative zone.

The MACD line is currently located a little below zero, but far from the support level formed on the previous big movement to the downside. Thus we can conclude that Litecoin’s future price may fall further.

In general terms, the weekly chart confirms that the current fractal is similar to the 2018 movement. There aren’t any signals of a reversal to the upside, and the only question is whether the local trend will continue (marked with a blue dotted line) or Litecoin’s bearish potential will get weaker and a fall won’t be steep.

Monthly Litecoin price forecast for 2021/2022

To make a realistic forecast in the long term, let’s switch to LTC/USD daily chart and analyze Litecoin’s price history using Bollinger Bands.

The above signals indicate that the LTC future price will go on falling, but slower than in the past few months. Most likely, it will have come close to the trend line by the middle of autumn, LTC projected value being 40-70 USD by that moment. False breakouts shouldn’t be excluded either. Litecoin’s expected trading range will most likely remain the same for the rest of the year as the market has consolidated for a long time. However, LTC/USD price may attempt to grow at the beginning of 2022 and closer to summer, taking the price history into account.

The table below presents LTC projected values for 2021-2022.

Month

LTCUSD price

Minimum

Maximum

July 2021

94

145

August

 2021

70

125

September

 2021

45

107

October

 2021

30

82

November

2021

35

85

December

2021

40

120

January

2022

44

155

February 

2022

45

123

March

2022

48

108

April

2022

57

136

May

2022

58

172

June

2022

64

208

Long-term trading plan for Litecoin

Based on the forecast, let’s outline the optimal trading plan for LTC/USD.

As a bearish trend is very likely to continue, short positions seem to be the best choice. The market’s obvious price target for the nearest months is the global trend line.

I recommend opening trades once the Litecoin price chart consolidates underneath the latest local minimum at about 105 USD (purple solid line). Stop Loss should be placed at the latest local maximum of 146 US dollars marked with a red line in the chart. Place Take Profit a bit higher than the trend line, at 50 USD for example (green line).

The LTCUSD price technical analysis is presented by Mikhail Hypov.

Here, you can find daily Litecoin short-term forecasts and trading signals based on the Elliott wave analysis.

Weekly Elliott wave Litecoin analysis as of 19.07.2021

The LTCUSD pair, based on the Elliott wave theory, must have completed the global simple zigzag, composed of the sub-waves A-B-C. Therefore, the market should be declining in the next few weeks forming a new downtrend. There must be developing the inceptive part of the bearish zigzag [A]-[B]-[C].  Let us study the most recent chart section in more detail in the eight-hour timeframe.

There must have formed the descending wave [A] as a five-wave impulse. Next, the market has started rising. There could be forming the bullish correction [B] as a double zigzag (W)-(X)-(Y), with the first two parts completed inside. Therefore, the price should be rising in the final motive sub-wave (Y). The price should go up to a level of 222.00, where wave [B] will retrace wave [A] by 38.2%.

Weekly LTCUSD trading plan:

Buy 121.54, TP 222.00

LTCUSD Elliott wave analysis is presented by an independent analyst, Roman Onegin.

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Litecoin Price Prediction for 2022 

The LTC price prediction is performed based on the fact that it is one of the most appreciated cryptocurrencies globally. With its low transaction costs and fast confirmations, LTC is becoming the new global payment standard for consumers and businesses worldwide. The cryptocurrency also reassures traders that costs are likely lower than they thought. The processing fees are far less than those incurred by credit cards and other forms of payments. Even the integration is free. 

As Litecoin is steadily gaining more popularity, the acceptance ratio might also increase. It is already high compared to the other newcomers. Let’s have a look at the predictions of crypto experts. 

TradingBeasts

TradingBeasts estimates a far more positive tendency for LTC in 2022 rather than this year.  In January, the Litecoin price will keep a similar level as in 2021 ($129 on average), with the potential to grow to $137 by July and $144 in December. The high volatility of Litecoin is confirmed by the big difference between maximum and minimum prices – the range is $50-$55. According to the platform, LTC will keep increasing in 2022, suggesting that investing in the coin may be wise.

Wallet Investor

Wallet Investor also forecasts the rise of the currency in 2022. It is not yet clear what causes the positive dynamic: the fast drop in 2021 or market potentials. Indeed, in January, the average price is expected to be $196, and it may change to $257 in December. Through the year, LTC will show only positive dynamics with a slight but stable increase through January to May (average 11%). Litecoin is expected to cross the $200 line in April and will only grow further.

Long Forecast

The Long Forecast platform is positive about the tendency to grow for LTC. Similar to 2021, Litecoin will have its ups and downs. 2022 is expected to start at $201. However, Litecoin is expected to hit $277 in December 2022. The table below describes its monthly tendency in detail:

Month

Open

Low-High

Close

2022

Jan

201

201-249

233

Feb

233

233-289

270

Mar

270

270-335

313

Apr

313

245-313

263

May

263

259-297

278

Jun

278

278-345

322

Jul

322

271-322

291

Aug

291

266-306

286

Sep

286

286-355

332

Oct

332

259-332

279

Nov

279

222-279

239

Dec

239

239-296

277

Coin Price Forecast

Coin Price Forecast predicts positive changes for Litecoin – according to which, LTC will climb up to $264 in the first half of 2022 and to a total of $323 in the second half. 

Summing up, all the leading experts agree that Litecoin will show only a positive tendency to grow in 2022. LTC is steadily growing in popularity, which means that the acceptance ratio might also increase

Litecoin Price Prediction for 2023 

Litecoin price forecasts vary a lot. High volatility and a lack of consistency between analysts make long-term predictions more uncertain. Still, we can’t avoid price predictions for 2023 as they may help long-term investors. 

TradingBeasts

TradingBeasts’ prediction for Litecoin is positive. The source forecasts the future rise of Litecoin. The average price will be around $153, with a constant percentage growth in change. During the year, the price for LTE will rise from $145 to $159.

Wallet Investor

January and February of 2023 are expected to have market fluctuations. However, from March to May, lower price volatility is expected. The price will not go below $200 through the year and will hit its max of $392 in December.

Long Forecast

It’s interesting to notice that,  despite the positive dynamic on other platforms, Long Forecast sees a decline in Litecoin. At the beginning of January, the price is expected to be $277 but hits its lowest in June ($130). Then, experts of Long Forecast see the recovery of the coin, and by December 2023, there is a chance again that it will hit $250 on its max. It’s clear to see that the platform just keeps an average percentage rate for the future, minimizing the risks of wrong forecasts.

Month

Open

Low-High

Close

2023

Jan

277

226-277

243

Feb

243

190-243

204

Mar

204

197-227

212

Apr

212

172-212

185

May

185

144-185

155

Jun

155

121-155

130

Jul

130

130-162

151

Aug

151

151-187

175

Sep

175

175-217

203

Oct

203

203-251

235

Nov

235

229-263

246

Dec

246

218-250

234

Coin Price Forecast

The Coin Price Forecast never changes its positive forecasts for Litecoin. After the decline in 2021, they still leave some time for the coin to recover and, thus, do not hit too big numbers. In 2023, the average price for LTC is expected to be $293. Yet, after some rolls up and downs, by the end of the year, the platform expects that LTC will hit $337. The forecast seems quite realistic, despite some slight overestimations in calculations.

Long-Term Litecoin Price Prediction: 2025-2030

The third halving for Litecoin is set to take place in May 2023. In doing so, block rewards would be halved to 6.25 LTC. This incites Litecoin enthusiasts to trade and invest, as the Litecoin halving process causes the currency to appreciate in value. Litecoin could even excel above its competitors to become one of the most traded cryptocurrencies. As of now, the rewards per block are 12.5 coins and will decrease to 6.25 coins per block post halving.

What could Litecoin be worth in 10 years? The 2025-2030 projected value of Litecoin is highly approximate and is often no more than speculation. Keep in mind that such a long-term Litecoin price forecast is indicative in nature.

Wallet Investor

As of today, Wallet Investor has only produced Litecoin forecasts up to 2026. Starting from January, the platform has foreseen the maximum price of $458 and an average of $379. Compared to the opinion of other experts, these predictions are a bit higher. However, if LTC will have some upgrades in the future, the situation can be changed a lot. By the end of June 2026, LTC will reach its max of $570. For two years, some drops are yet to be seen, but on average, Litecoin will only grow further

Long Forecast

Similar to the Wallet Investor platform, the Long Forecast platform did not predict far from today. Currently, the forecast is only available up to mid-2025. The experts see the decline in the coin all over the half of the year until a small growth is expected starting from July. The forecasts were probably made based on the current decline of the coin, so it is too early to say how accurate they can be. Yet, investors should consider negative outcomes and declines just as much as positive waves.

Month

Open

Low-High

Close

2025

Jan

103

103-127

119

Feb

119

112-128

120

Mar

120

94-120

101

Apr

101

101-125

117

May

117

116-134

125

Jun

125

125-155

145

Jul

145

145-180

168

Coin Price Forecast

According to the Coin Price Forecast, a Litecoin price target for the middle of 2025 is $345. By the end of 2030, Litecoin will reach $509. The platform sees only positive dynamics in the future for LTC.

How Has the Price of Litecoin Changed Over Time?

The Litecoin price today is  $119.36. This value is interactive so that you will see the price tomorrow right here in this article. Due to the fast declines this year, CoinMarketCap ranks Litecoin at the #13 position, which is 3 positions lower than before, with a market cap of $8,820,885,973 (June 27, 2021). The circulating Litecoin supply is 66,752,415 LTC, while the maximum supply is 84,000,000 LTC coins.

The Litecoin price hit its all-time high of $412.96 on May 10, 2021. But to make the most reliable cryptocurrency predictions, it’s important not just to look ahead but also to look back at the historical price performance of Litecoin. From 2011 to 2013, LTC increased from a few cents to $3. In 2013, it experienced its first bull market, which helped the coin to reach the price of $50. Later in 2014, due to the Mt. Gox exchange scandal and bear market, the price went back as low as $3. 

Litecoin stayed low until it rose at the end of March 2017 from $3 to $80 in September 2017. Its absolute record in 2017 was set at around 375 dollars on December 19th. However, in the same month, Litecoin quickly dropped after its creator, Charlie Lee, announced on his Twitter that he sold his Litecoin due to a conflict of interest. 

In 2018, it experienced another downtrend throughout the year and reached $25 in December 2018. The decline was caused by the bearish trend of Bitcoin. As you may remember, Litecoin is mostly affected by BTC’s direction rather than private factors. 

In February 2019, LTC started in a bull market and rose to $140 in June. However, the rise didn’t last for long. In the second half of 2019, the price dropped to $40. Again, the decline was triggered by the overall fall of the cryptocurrency market. 

In 2020, Litecoin plunged due to the sudden pandemic of Covid-19 between February and March. Since then, the market was stable, moving sideways. Through the whole history of the LTC, it has constantly experienced its ups and downs each year.

Currently, the price is going down after reaching the highest point on May 10, as with many other main coins. The current Litecoin price might go down in the future. However, it’s probably all about the price correction. The new heights are going to appear. Below you’ll see how Litecoin performed over the years of its existence:

 

Is Litecoin a Good Investment?

Litecoin, buy or sell? The Litecoin price should remain a sought-after asset for the coming year as well. Despite the down sizes and high volatility, many experts suggest investing in LTC. Litecoin potential is high in the future. It offers more benefits to its users than Bitcoin: more safety, including faster processing speeds, and lower transaction costs. LTC is constantly being improved by tech terms, which makes it even more attractive to new investors in the future.

Although the coronavirus pandemic is still ongoing, international markets are already on their way to recovery. In response to the massive support of central bankers from the world’s major central banks, investors are increasingly looking for a hedge to counter value risk. Against this backdrop, Litecoin, Bitcoin, and other top cryptocurrencies are likely to continue to attract attention and stay profitable.

If Litecoin can break above its current price and hold on in the long run, the Litecoin forecast says it will retest its all-time high. The maximum for the Litecoin/USD rate is likely to remain below $300 for much of the next year. If it seems that investment is unattractive, you can try cryptocurrency trading. Register for a free demo account on LiteForex! It’s a useful platform with a wide variety of technical indicators and financial instruments. 

Below is a prediction chart for the period of 2021-2030. One feasible LTC chart, based on the opinions of experts, and Litecoin news, could be as follows: 

Year

Mid-Year

Year-End

2021

$140

$203

2022

$264

$323

2023

$294

$338

2024

$300

$316

2025

$348

$374

2026

$339

$364

2027

$389

$414

2028

$412

$435

2029

$458

$481

2030

$490

$512

Source: Coin Price Forecast


Litecoin Price Predictions FAQ

Price chart of LTCUSD in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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